MUSCAT – The Ministry directed all government units to prepare their final accounts for fiscal year 2025, ensuring that the reports highlight the results and objectives achieved in implementing the approved budget.

The Ministry stressed the need to highlight the results and objectives achieved by each unit/institution when implementing its approved budget. The report should include a statement comparing a unit’s approved revenues and expenditures with the actual revenues and expenditures. The report should also indicate details of a government unit’s cash and banking balances, permanent and temporary advance payments and financial rights owed by other parties to the government.

The Ministry also called on all institutions of the State’s Administrative Apparatus to prepare statements about non-financial assets of real estate and land, warehouse assets, government movables and libraries affiliated to the government units. It asked all institutions to attach copies of the reports prepared by their respective internal audit departments on the last quarter of fiscal year 2025.

The circular comes in implementation of the provisions of Articles 34 and (35 of the Financial Law promulgated by Royal Decree No. 37/2025, and Article Two thereof, which stipulates the continued application of existing regulations and decisions insofar as they do not conflict with the new law. It is also based on Clause 7 of Article 10 of the State Financial and Administrative Audit Law issued by Royal Decree No. 111/2011, and in accordance with the timelines specified in the Financial Law and its Executive Regulations issued under Ministerial Decision No. 118/2008.